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Dec 24, 2012
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i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates together, support him for speakership. me, being a democrat, i would not get everything i want, but the republicans would get everything they wanted. by the time re-election came up they would have seen there was a lot of progress made and maybe they could not run primaries on those guys that decided to run to the middle with policy they laid out together. host: thank you for the call. guest: so many things. basically, you are assuming that john boehner would be elected speaker in a democratic house. it is not likely that they would give him their votes. it is far more likely, q
i do not believe this congress is going to be able to deal with the fiscal cliff. the next congress, unless they reform senate filibuster rules and also -- and you can tell me whether this is a dream come true -- what if nancy pelosi and john boehner kind of got together and nancy pelosi told boehner he could bring the votes for his speakership and then maybe together could isolate the tea party section of his group and take away some of the radical left of her group and bring the moderates...
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Dec 29, 2012
12/12
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of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is amending the bush era tax cuts, which if unchanged will expire and raise taxes on all americans. starting tuesday, the average tax hike will be three to 5% per person. >> let's keep taxes exactly where they are on the first $250,000 of everybody's income. >> reporter: the president campaigned to increase taxes only on families making more than $250,000 per year. almost two weeks ago, the president offered a compromise to raise taxes only on income above 400,000, hoping that might win republican support. >> i have gone at least halfway. >> reporter: the senate is also n
of monday's midnight deadline for the fiscal cliff. failure could kick the country back into a recession. wyatt andrews is on capitol hill. >> reporter: today the halls of the senate were almost empty, as proposals got traded in private and over the phone. senate minority leader much mcconnell tried to sound upbeat. going to get a deal today sir? >> hope. so. >> reporter: house speaker boehner came to the capitol but left without comment. issue number one in the talks is...
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Dec 30, 2012
12/12
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>> well, a short-term deal only benefits the president if the understanding of the fiscal cliff is real and the consequences of it are thoroughly understood. i don't think there's a lot of evidence in the country yet that that's true. you have a couple saying it might not be such a bad idea to go over the cliff. it might concentrate the mind further. the president reluctantly send this idea, the budget control act, all the deadlinees deadlinees, as part of a long, tortuous negotiation. he now regards the negotiating process as largely a mistake and will never negotiate again on the debt ceiling. >> but the benefit for everyone, democrats and republicans of voting on something before the deadline, is that the stock market has now gone down five days in a row. we are now below 13,000. nobody knows what is going to happen on january 2 if there's no deal. the markets might not react very much. they might take a huge hit, and no one wants to be responsible for that. >> the market cares most about the debt ceiling and defaulting. if you talk to all of the big business leaderes, the various or
>> well, a short-term deal only benefits the president if the understanding of the fiscal cliff is real and the consequences of it are thoroughly understood. i don't think there's a lot of evidence in the country yet that that's true. you have a couple saying it might not be such a bad idea to go over the cliff. it might concentrate the mind further. the president reluctantly send this idea, the budget control act, all the deadlinees deadlinees, as part of a long, tortuous negotiation. he...
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Dec 30, 2012
12/12
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for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter: harry reid took a cautionary town, perhaps to allay the fears of americans who are wonder how long going off the cliff will affect their paychecks. analysts say taxes on people making between 50,075,000 a year will go up an average of $2,500. >> whatever we go up is going to bem perfect. some people are not going to like it and some will like it less and that is where we are. i feel confident we have an obligation. >> reporter: president obama said that it's important for congress to vote on some type of package before it expires. >> if the agreement is not reached in time between senator reid and senator mcconnell, i will urge senator reid to bring to the floor a basic package for
for an emergency summit to try to hammer out a deal to avoid the fiscal cliff and describe the talks as productive. they didn't produce an agreement. from the senate floor, words of optimism from minority leader mitch mcconnell. >> we're engaged in discussions, the majority leader and myself and the white house and in hopes that we can come forward as early as sunday and have a recommendation. >> reporter: harry reid took a cautionary town, perhaps to allay the fears of americans...
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Dec 27, 2012
12/12
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there will be a deal to, quote, avert the fiscal cliff. your viewers should demand more than a deal, they should demand a solution. >> do you think it's the right idea to cave in if really the republicans do not believe this is the right thing for the best interests of the country, to go ahead and agree to having more expenditures, to not cutting any of these entitlements. this reckless spending has to come to an end at some points. we have the future and the children to think of. >> so much for a balanced approach. the bammed approach as near as i can do do exactly what i want exactly what when i want you to do it. but the reality is the house democrats will could be he -- gt enough involvements my vote will not one of them and the group of conservatives i run with will not be among the votes that vote for the so-called deal. but it will pass and we will be arguably further from a solution than we were this time last year. >> so you think a temporary fix is going to come to pass but ultimately, like you said, you and several of your colle
there will be a deal to, quote, avert the fiscal cliff. your viewers should demand more than a deal, they should demand a solution. >> do you think it's the right idea to cave in if really the republicans do not believe this is the right thing for the best interests of the country, to go ahead and agree to having more expenditures, to not cutting any of these entitlements. this reckless spending has to come to an end at some points. we have the future and the children to think of....
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Dec 24, 2012
12/12
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as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities say that they believe that the shooter is dead. no word as to his identity. also not clear, kelly, is what type of weapon he had with him. the authorities said that it was not clear if it was an assault rifle, the type of weapon we have heard so much about during the past few days. we expect that there will be more information later today. they say there will be a news conference at 2:00 this afternoon. another thing to keep in mind is that because of the attack on the firemen, they were unable to put out the house fire, and what began as a house fire and vehicle fire then spread to at least three other
as lawmakers take their holiday break with no deal to avoid the fiscal cliff we'll look why one of them says a plan could be possible if the president himself didn't want to take us over the edge. >> we are told injuries are serious. they are being treated in local hospitals. as you mentioned a police officer from nearby greece, new york was apparently driving by. he was injured when his vehicle or the area near him was hit by shrapnel. now, as for the crime scene itself, the authorities...
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deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd packed the harbor in all clinton joy if i were exploding of the city's sky tower a great sight it. was not a stray joining the festivities a bit later with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight there. a new year continues from for march through asia with the most spectacular shows in hong kong biggest ever the say were a countdown to twenty thirteen culminated in a light extravaganza on the land and in the sky and europe now picking up the holiday torch is berlin hosting one of the world's largest open parties th
deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. hello there thanks for joining us if you just have a new year's day here in moscow our top story the more we've got an hour left of new year's day twenty thirteen is made around the globe with a ray of fireworks performances and cheering crowds as take a look at the world party then should we do zealand was among the first to usher in twenty thirteen crowd...
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Dec 28, 2012
12/12
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cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the world is our economy is not going to be what it could have been. the quality of life for americans is not on to be what it should have been because we have not acted in a way that is proper, we are not carrying out the duties that we were hired to carry out. >> i am not even sure there is a question, but your proposal is over a 10-year period. yet a trillion-dollar increase in the debt ceiling will not even last a year. at best. >> right. >> do you know whatever you propose cuts to medicare that everybody gets out of this -- [indiscern
cliff that deals with this fiscal cliff. how irresponsible is that? what that means to americans and people all across the country is that instead of starting this year by people showing the courage to solve this problem, we will move this into next year, and what that means is the first quarter, the first six months of this next year, will be met with hand-to- hand combat as we deal with issues everyone knows has to be dealt with. what that really means to our citizens and citizens around the...
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and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia join the festivities shortly with almost two million people gathering to see an outstanding jaw dropping fireworks from harbor bridge as the clock struck midnight and continued its triumphant march through asia with one of the most spectacular show is on building in hong kong where count down to twenty thirteen culminated in a light extravaganza on the land and in the sky europe picked up a holiday torch in hosting one of the world's largest open air parties at the brandenburg gate one of the u.k. pulled out. all the stops the great fireworks display in the heart of the capital at the london eye a
and deal looks set to pull america from the edge of the fiscal cliff tax hikes for millions of americans for the time being at least. around the world and around the clock this is very happy new year. twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds let's take a look at how the world has been partying new zealand was among the first in twenty thirty crowds in the harbor in oakland to enjoy the fireworks exploding over the city's. australia...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party showing new zealand first of all was among the first washer in twenty thirty crowd packed the harbor don't live with joy the fireworks exploding over the city's sky was a beautiful scene that then was over to a straight. shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight new year continued its triumphant march through asia with one of the most spectacular shows on bailing in hong kong its biggest ever in fact. leading to twenty thirteen huge like sixty. on land and sky then europe picking up the h
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. hello very good evening to you delighted to have you company this new year's day evening it's now ten pm here in moscow my name is kevin now and our top story it out the small office evening twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as they look at the world's big party...
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Dec 27, 2012
12/12
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or whether sequestration and the fiscal cliff occurs. >> ifill: the across-the-board cuts. why does it work that way? >> in the event no deal is made and we do have the automatic cuts known as sequestration starting in january, federal employees face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloughed, forced to take unpaid days off, anywhere from 20 to 50 days. we really don't know. it depends in part on the agency and it depends in part on how much of the remainder of the fiscal year these cuts are squished into. so it's -- that's one bad situation. and then the so-called grand bargains and deals, many of those include provisions that would cut federal retirement benefits and extend the current pay freeze for an additional three years so that federal employees would go five full years without any paid a justments. >> ifill: hugh johnson, if you were an investor or a business owner and you're watching wall street watch the fiscal cliff debate what are you telling them? are people nervous
or whether sequestration and the fiscal cliff occurs. >> ifill: the across-the-board cuts. why does it work that way? >> in the event no deal is made and we do have the automatic cuts known as sequestration starting in january, federal employees face job loss and in some situations-- certainly in the department of defense-- but throughout the federal government people will be furloughed, forced to take unpaid days off, anywhere from 20 to 50 days. we really don't know. it depends in...
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Dec 26, 2012
12/12
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. >> warner: as congress comes back to washington to resume fiscal cliff negotiations, we ask, what happens if they don't reach a deal? >> ifill: we talk with a representative of egypt's muslim brotherhood about the new brotherhood-backed constitution signed into law today. >> warner: and we have another of our conversations with retiring members of congress. paul solman sat down with the always outspoken massachusetts democrat barney frank. >> the notion that people would not go along with an important public policy because i hurt their feelings, i don't think that's true. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: a major winter storm surged into the midwest and northeast, fouling flight schedules and ruining road conditions on this day after christmas. the huge weather system left a
. >> warner: as congress comes back to washington to resume fiscal cliff negotiations, we ask, what happens if they don't reach a deal? >> ifill: we talk with a representative of egypt's muslim brotherhood about the new brotherhood-backed constitution signed into law today. >> warner: and we have another of our conversations with retiring members of congress. paul solman sat down with the always outspoken massachusetts democrat barney frank. >> the notion that people...
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and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the festivities shortly with almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight. new york continues triumphant march through asia with on the most spectacular veiling in hong kong countdown to twenty thirteen culminated in a night extravaganza on the land and in the sky and in europe and then picked up one of the top. on the world's largest open air parties at the brandenburg gate. the u.k. pulled out all the stops and summarizing politics displaying the heart of the capital at the london eye and across the atlantic over a mi
and deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. forecasting live from moscow you're watching r t a very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds take a look at how the world has been partying in new zealand. long the first twenty thirty. to enjoy the fireworks exploding over the city's sky tower australia join the...
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Dec 29, 2012
12/12
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congressional leaders scrambling to reach a deal to avoid the fiscal cliff before tuesday's deadline. >>> milk, get this, milk $7 a gallon? it could happen if congress doesn't pass a new farm bill. >>> and then smartphone apps. we'll tell you the best buys of 2012. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers. so i hired todd to handle it for me. todd, gimme that hollywood news! what's happening on twitter? you're trending! yes! you can't have a todd, but you can have your own personal assistant. i guess you could call it todd. [ male announcer ] the new nokia lumia 920 with live tiles that deliver what you want in real time. only from at&t. rethink possible. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to thi
congressional leaders scrambling to reach a deal to avoid the fiscal cliff before tuesday's deadline. >>> milk, get this, milk $7 a gallon? it could happen if congress doesn't pass a new farm bill. >>> and then smartphone apps. we'll tell you the best buys of 2012. i know. i'm will, and this is the nokia lumia 920 from at&t. it's got live tiles so all my stuff's always right there in real-time. it's like the ultimate personal assistant. but i'm me, and me needs handlers....
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Dec 31, 2012
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. >>> looking over the fiscal cliff, is a last second deal even possible? >> kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after the discovery of a blood clot stemming from a consuggestion so suffered earlier this month. she's being treated with blood thinners and doctors will northern the medication over the next two days. the 65-year-old clinton fell and suffered a concussion when she fainted while home alone in mid-december as she recovered from a stomach virus that left her severely dehydrated. she planned to return network this week. it's crunch time on capitol hill. senate and house negotiators have a few crucial hours to come up with a compromise to avert the looming financial mess. if they don't here's what will happen. everyone's tax rates will go up. $1.2 trillion in feder
. >>> looking over the fiscal cliff, is a last second deal even possible? >> kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after the discovery of a blood clot stemming from a consuggestion so...
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soared in the asian markets ahead of a last minute effort in washington to reach a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications i'm many levels on the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy now as if trying to find your way through a complex tax system isn't bad enough in the u.k. millions have been paying through the nose for telephone services to help them navigate it this story coming up later. another crew member has died after a passenger jet crashed at one of moscow's busiest ports it brings the number of dead to five while three others are still fighting for their lives in hospital the redwings plane skidded off the runway and planted into the embankment of a major highway on saturday experts believe bad weather brake failure or simply pilot error could have led to the tragedy of an ocean and now looks at how the events unfolded. the twenty ninth of december the last working day of two thousand and twelve in russia four pm businesses closed of
soared in the asian markets ahead of a last minute effort in washington to reach a deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications i'm many levels on the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy now as if trying to find your way through a complex tax system isn't bad enough in the u.k. millions have been paying through the nose for telephone services to help them...
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Dec 30, 2012
12/12
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. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue
. >> reporter: converses running out of time if before the economy will go over the fiscal cliff. they say that reaching a deal will not be easy. >> we cannot afford a politically self-inflicted wound to the economy. the people that you sent to washington half to do with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >>...
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Dec 27, 2012
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. -- washington he's going to work on a deal to avoid the so called fiscal cliff. there are five days remaining before hikes are scheduled to take affect. senate due back in session tomorrow nork indication of new proposals on the table. no word of negotiations sessions being scheduled, either. >> still ahead here at 5:00 a controversial battle that shut down a popular recycling center comes to an end. looming deadline for a 30-year-old institution. >> and a bed bug outbreak in the east bay. unique boot camp officials hope will use to squash a growing problem. >> a warning about hidden fees on gift cards that may whittle away the value. did you get one? want to see that report. the news continues in one minute. >>> a san francisco recycling center is scheduled to be closed this weekend. the neighborhood counsel's recycling center has been fighting falls for city hall to be shut down since 1996. the city says this operation has been attracting the homeless. saying they're hoping to turn it into a community garden. the center says collection day will be on december 3
. -- washington he's going to work on a deal to avoid the so called fiscal cliff. there are five days remaining before hikes are scheduled to take affect. senate due back in session tomorrow nork indication of new proposals on the table. no word of negotiations sessions being scheduled, either. >> still ahead here at 5:00 a controversial battle that shut down a popular recycling center comes to an end. looming deadline for a 30-year-old institution. >> and a bed bug outbreak in the...
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Dec 25, 2012
12/12
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on the fiscal cliff. lawmakers and the president left washington for christmas break and are expected back in town in washington before the end of the week. >>> call it terrible timing, netflix is apologizing for its christmas eve outage. the popular streaming service sent out a tweet last night saying that engineers were working to fix the problem. according to the "wall street journal", netflix blames the outage on technical problems at amazon.com which delivers internet service for many websites. >>> russia's biggest christmas tree on display in the kremlin's cathedral square in moscow. they decorated the tree with a patriotic theme symbolizing the russian flag. many russians are eastern orthodox christians and celebrate christmas on jeanne 7 january 7th. >>> and nothing says christmas like a tree. jeanne moos explain. >> reporter: maybe if this homeowner had measured better his christmas tree wouldn't have burst through the roof. >> that's crazy. >> reporter: what's crazy is how crazy everyone is abou
on the fiscal cliff. lawmakers and the president left washington for christmas break and are expected back in town in washington before the end of the week. >>> call it terrible timing, netflix is apologizing for its christmas eve outage. the popular streaming service sent out a tweet last night saying that engineers were working to fix the problem. according to the "wall street journal", netflix blames the outage on technical problems at amazon.com which delivers internet...
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Dec 31, 2012
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to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation continues this morning into a fire that killed three people including a young child over the weekend. ktvu janine de la vega is in san jose and tells us the fire also left many people without a home. good morning, janine. >> reporter: good morning. i spoke to the red cross in the last hour. and they told me the electricity is still out here in a couple of the buildings and that is why they are helping house 47 adults and 26 children who were displaced by the fire. it started in that apartment that you see on the second story. it's all boar
to avoid that fiscal cliff. as they missed the dead line income taxes will go up for all americans. >>> and officials in san francisco advising all new years eve party goers use mass transit. 250,000 people are expected to be at san francisco's fire works show on the waterfront. bart by the way is running trains every 20 minutes. they will also be offering service until 3:00 a.m.. muni is offering free rides beginning at 8:00 p.m.. >>> it is 6:46 in san jose. the investigation...
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and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first to usher in twenty thirty proud. to introduce one of the fireworks exploding of the city's right. then straight here join the festivities very shortly afterwards with almost two million people gathered to see that now stand your dropping fireworks display from the harbor bridge as the clock struck it. do you continue to trump the march through asia with one more spectacular shows and hong kong when the biggest ever in fact work out that twenty thirty culminated in a light extravaganza on the land in the sky. and europe picked up the torch then here is burlington hosting one of the world's largest
and an eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. if you just joined us for good morning to you from moscow just a tad after midnight here now my name is kevin when i first twenty thirteen has made around the globe the last twenty four hours with an array of fireworks performances and cheering crowds as take a look at how the world celebrates and should we use a lead was among the first...
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was struck which created the fiscal cliff and everything that we're not right now so let's let's play the clip there. and when you look at the final agreement that we came to the white house you know i got ninety eight percent of what i wanted i'm pretty happy folks do you think is still pretty happy to do that you regret saying that i mean come on i think that they are speakership is just a list of regrets where the obama presidency has been a list of sore forced crisis c s i was in a room an off the record meeting with the hill staffers when this deal was sort of being given to them and a very senior guy gainers office said that basically the president is exactly where we want him that was august of two thousand and eleven and here we are now everyone assumed that the debt limit would at least go until seven larry and geitner just before we went on the air sent a letter to congress saying that we're actually going to run out of cash on monday which is probably the real reason why the president came home well i think republicans. at the time boehner saying that thought that president
was struck which created the fiscal cliff and everything that we're not right now so let's let's play the clip there. and when you look at the final agreement that we came to the white house you know i got ninety eight percent of what i wanted i'm pretty happy folks do you think is still pretty happy to do that you regret saying that i mean come on i think that they are speakership is just a list of regrets where the obama presidency has been a list of sore forced crisis c s i was in a room an...
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deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million people gathering to see the now standard jaw dropping fireworks from harbor bridge as the clock struck midnight here continued triumphant march through asia when one of the most spectacular shows on veiling in hong kong were count down to twenty thirteen commentated light extravaganza on the land and in the sky europe then picked up the holiday torch berlin hosting one of the world's largest open air parties at the brandenburg gate while the u.k. pulled out all the stops with a mesmerizing fireworks display in the heart of the capital at the london eye and across the atlantic over a million specta
deal looks set to put america on the edge of the fiscal cliff and tax hikes for millions of americans for a time at least. very happy new year. well twenty thirteen has made it around the globe with an array of fireworks performances and cheering crowds as take a look at how the world has been partying new zealand was among the first to usher in twenty thirty crowds the harboring oakland joy the fireworks exploding over the city's sky tower australia joined the festivities almost two million...
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Dec 31, 2012
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we saw the down dollar down last week with concerns about the fiscal cliff. there are some hopeful signs this morning that a deal was as in the works. dow futures are up 77 points ahead of the opening bell. let's get an update on the eve forecast with erica. >> good morning and it is a cold start. a lot of your actually below the freezing point. it is clear, we have no business issues with visibility. new year's night could be the coldest of the season thus far. and would not be surprised if a freeze warning went into affect but generally dry conditions for the remainder of the week. the exception is thursday, slight potential for some rain for some of our north bay spots. temperatures out the door, severance is go waking up to 46 degrees. below freezing and concord, i will show you where these numbers are expected to go and my next report. >> looking at a nice and easy commute around the bay right now. light traffic for your east bay, swordplasouth ba. bay area bridges look good right now, no delays. >> 2 people and the hospital after a two alarm fire at a h
we saw the down dollar down last week with concerns about the fiscal cliff. there are some hopeful signs this morning that a deal was as in the works. dow futures are up 77 points ahead of the opening bell. let's get an update on the eve forecast with erica. >> good morning and it is a cold start. a lot of your actually below the freezing point. it is clear, we have no business issues with visibility. new year's night could be the coldest of the season thus far. and would not be surprised...
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Dec 31, 2012
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the "fiscal cliff" deadline just hours away. talks are stalled. can lawmakers get a deal done in time? >> we'll see. plus, a driver crashes into a concord funeral home during services. what police say was happening that could result in charges. >> a house fire in san francisco's excelsior district has firefighters raising eyebrows. we'll tell you why something illegal might be behind the cause. lawmakers have just hours to prevent tax hikes and spendg cuts.. r a deal? >> your realtime captioner: linda marie macdonald >>> peering over the "fiscal cliff," lawmakers have just hours to prevent tax hikes and spending cuts. is there any hope for a deal? >> reporter: firefighters are calling a house fire in san francisco's excelsior district suspicious. we'll tell you why in just a few moments. >> it's a frosty start to this last day of 2012. what about rain? could we see that on new year's eve? weta
the "fiscal cliff" deadline just hours away. talks are stalled. can lawmakers get a deal done in time? >> we'll see. plus, a driver crashes into a concord funeral home during services. what police say was happening that could result in charges. >> a house fire in san francisco's excelsior district has firefighters raising eyebrows. we'll tell you why something illegal might be behind the cause. lawmakers have just hours to prevent tax hikes and spendg cuts.. r a deal?...
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Dec 24, 2012
12/12
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on the fiscal cliff. >> nine days remain to get the deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming recently. some link that to concerns the president may impose new restrictions on firearms. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate wfaa that an assault-sometime weapon like an ar-15 a week ago ran around $900. this week anywhere from diagnosis 1,500 to $2,500. in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who sa
on the fiscal cliff. >> nine days remain to get the deal done. house speaker boehner is in ohio. president obama in hawaii. >>> today we say aloha to an american hero, the late senator daniel inouye was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political...
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Dec 30, 2012
12/12
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avoid the fiscal cliff and people's taxes going up or do nothing and let it happen. we didn't want to be in that position, but speaker boehner pulled out of the deal a week and a half ago. it's not fair to blame the president. >> but i've got to ago you this question because this is one f the big sticking points left. whose taxes go up, people making over $250,000 as the president wants or republicans suggested nobody or people making over a million dollars, but you, senator schumer, had proposed raising taxes only on those making over a million dollars. and i want to take a look at what you said about this proposal going up $250,000 last year. you said "in the eyes of many, it is hard to ask households making $250,000 or $300,000 a year. in large parts of the country, that kind of income does not get you a big home or lots of vacations or anything else that is associated with wealth. it also would affect too many small businesses." weren't you right back then when you said it would be wrong to raise taxes on those? >> we offered that to our republican colleagues two
avoid the fiscal cliff and people's taxes going up or do nothing and let it happen. we didn't want to be in that position, but speaker boehner pulled out of the deal a week and a half ago. it's not fair to blame the president. >> but i've got to ago you this question because this is one f the big sticking points left. whose taxes go up, people making over $250,000 as the president wants or republicans suggested nobody or people making over a million dollars, but you, senator schumer, had...
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Dec 27, 2012
12/12
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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Dec 28, 2012
12/12
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they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the se
they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and...
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Dec 28, 2012
12/12
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even though they are in session, they are not dealing with the fiscal cliff. the house again doesn't return until sunday, in hopes they'll be able to vote on a deal. the president has called on lawmakers to pass a scaled down legislation that would spare tax increases on the middle class, leaving more sweeping spending cuts and tax increases until next year. house majority leader cantor believes they could be in session the day before the new congress is sworn in, january 2nd. today's meeting is the first face to face meeting between the president and republican leaders since december 16th. senate minority leader mcconnell has said he is eager to hear what the president has to say. that's the latest here at the white house, back to you. >> sherri, thank you very much. we've been getting responses about the negotiatings from viewers. we want to hear your voice on to topic. go to our facebook page. >>> president vladimir putin signed a bill banning americans from adopting russian children this morning. he signed the ban in retaliation for a new law passed by the
even though they are in session, they are not dealing with the fiscal cliff. the house again doesn't return until sunday, in hopes they'll be able to vote on a deal. the president has called on lawmakers to pass a scaled down legislation that would spare tax increases on the middle class, leaving more sweeping spending cuts and tax increases until next year. house majority leader cantor believes they could be in session the day before the new congress is sworn in, january 2nd. today's meeting...
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Dec 28, 2012
12/12
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we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama
we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before...
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an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's a now the country's turn to take on the next six month presidency of the european council as laura smith reports the celtic tiger has some hard graft ahead of it. it's all changed by the e.u. presidency as takes a six month rotating challenge on the first of january not the ovi choice islands one of the pegs the countries that have the nice stable economies in europe and showed off islands the first country to take hold in the presidency of the twenty seven nation while being propped up by a new i.m.f. money so for the next six months the e.u. and its a german problems will be presided over by o
an eleventh hour deal looks like it might fall through putting america back on the edge of the fiscal cliff. and it's in with the new around the globe we digest the highlights of two thousand and twelve and look at the headlines that could have been if things had turned out differently. in broadcasting live from our studios in moscow this is r t certainly glad to have you with us. just over two years ago ireland was bankrupt and being bailed out to rescue its failed economy on top of that it's...
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Dec 28, 2012
12/12
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the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal
the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are...
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Dec 28, 2012
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or conclusion to this fiscal cliff by the end of the year think it's going to be a bad deal so while some are saying that we could get a rally if there's a deal reached by the president and congress, we could get a quick ramly, it's only temporary and we face the reality of the situation in the new year, and bottom line, david, when we looked at the oil reports today, there is a significant decline in energy consumption in the united states right now, and while that might be good to lower gas prices, it's not a great sign about the overall economy. david: it's not at all, but it makes the current rise in oil prices seem stranger than before. if the economy's slowing down, no reason for oil to be above 90 # for the long term. >> right. david: thank you very much. >> the trend with the retail consumer as a whole; right? david: market pam, john stevenson and larry, multimedia trust associate portfolio manager from west newton, massachusetts, and if you go to boston college, you see that name everywhere. spent a lot of money at that college. i hope we didn't misrepresent your position. y
or conclusion to this fiscal cliff by the end of the year think it's going to be a bad deal so while some are saying that we could get a rally if there's a deal reached by the president and congress, we could get a quick ramly, it's only temporary and we face the reality of the situation in the new year, and bottom line, david, when we looked at the oil reports today, there is a significant decline in energy consumption in the united states right now, and while that might be good to lower gas...
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Dec 30, 2012
12/12
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gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. heres the president. >> i still want to get this done. it's the right thing to o for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, ey left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at l, the least of all coness. they were the ones who extended the bush taxcuts. o
gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. heres the president. >> i still want to get this done. it's the right thing to o for our families and our businesses and for our entire economy. but for immediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american...
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Dec 31, 2012
12/12
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cliff. there's no sign of a deal so far. here's the latest. reporter: as senators convened in a rare sunday session, they heard this prayer from the senate chaplain. >> look with favor on our nation, and save us from self-inflicted wounds. >> the clock is ticking towards the new year's midnight hour when tax hikes and budget cuts swoop ground the fiscal cliff. the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down
cliff. there's no sign of a deal so far. here's the latest. reporter: as senators convened in a rare sunday session, they heard this prayer from the senate chaplain. >> look with favor on our nation, and save us from self-inflicted wounds. >> the clock is ticking towards the new year's midnight hour when tax hikes and budget cuts swoop ground the fiscal cliff. the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears...
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but there was an early morning vote on a deal to get us off the fiscal cliff. in just a moment, exactly what senators agreed to and why we're not out of the woods just yet. first, welcome back to news4 today and happy new year to you folks. i'm aaron gilchrist. >> i'm erika gonzalez in for eun yang. >> there's a party. hundreds of people gathering for the annual first-night celebration in alexandria. fireworks lit up the sky in old town at the stroke of midnight there. a lot of fun for the whole family. children had a chance to get their faces painted, do a little dancing there. live music, lots of food as well. 2013 off to a bit of a chilly start. >> meteorologist tom kierein is on the storm team 4 weather deck. how about it, tom? pretty chilly out there? >> the revelers have gone to sleep. it's all quiet now here in northwest washington and it's calm and cold. starting off this morning, we've got a cloudy sky all over the region. as we take a look at the radar, we've had some sprinkles of light rain. those areas in green. passing mainly just south and southea
but there was an early morning vote on a deal to get us off the fiscal cliff. in just a moment, exactly what senators agreed to and why we're not out of the woods just yet. first, welcome back to news4 today and happy new year to you folks. i'm aaron gilchrist. >> i'm erika gonzalez in for eun yang. >> there's a party. hundreds of people gathering for the annual first-night celebration in alexandria. fireworks lit up the sky in old town at the stroke of midnight there. a lot of fun...
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a senate democratic aide just announced there is a deal on the board avoiding the fiscal cliff that will raise taxes for just about everybody. the white house and republicans reached some sort of compromise this, is a live shot from vice president. the vice president is on his way to the capitol to meet with democrats to get them to sign off. and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring developments in washington and will be bringing us latest developments. >> still to come at 6:00 it's in the bag. the bay area folks about to see big changes when they hit the checkout stand tomorrow, is that you?. >> did you receive a new cell phone for the holidays? i've got an idea on what to do with the old phone. put to it good use. i'm michael finney. 7 on your side is coming up. >> they're cutting edge. i think they're doing things differently going shake up the world. >> the young businessman making a name for themselves in wine country. they're not afraid of labels. >>> anybodying to the g
a senate democratic aide just announced there is a deal on the board avoiding the fiscal cliff that will raise taxes for just about everybody. the white house and republicans reached some sort of compromise this, is a live shot from vice president. the vice president is on his way to the capitol to meet with democrats to get them to sign off. and we've learn that had biden and senate republican leader mitch mcconnell reached an agreement just minutes ago. abc 7 news mark matthews is monitoring...
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also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty crowds packed the harbor in oakland to enjoy the fireworks exploding over the city sky. then a stray joy the festivities shortly afterwards with almost two million people gathered to see the now standard jaw dropping fireworks in harbor bridge as the clock struck midnight. continue to triumph and march through asia with one of the most spectacular shows on value in hong kong in fact were a countdown to twenty thirteen culminated in a like to extravaganza on the land and in the sky one of the biggest displays they were ever put on in fact your of then picked up the holiday toss this berlin hosting
also eleventh hour deal looks set to pull america from the edge of the fiscal cliff and the tax hikes for millions of americans for the time being at least. allowed kevin i would hear this new year's day thanks for joining us our top story than twenty thirteen has made it in or around the globe with the array of fireworks performances and cheering crowds we've come to expect let's take a look at where the world's been partying should we use eland was among the first to assure in twenty thirty...
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Dec 24, 2012
12/12
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WRC
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are we going to avoid the fiscal cliff by the first of the year or not? >> i hope so. if you look at the final positions last monday of both the president and speaker boehner, they were this close, they were this close to a solution. the president was about $200 billion higher on revenues, speaker boehner $200 billion higher on spending cuts. out of a $4 trillion budget, that doesn't seem insurmountable. so i hope they would keep talking. my one bit of advice to speaker boehner is this -- you cannot pass a bill with just republicans. on a broad thing like this, you need both and he has put himself with plan b in sort of an impossible position. he has to get these hard right guys to go along with him. if he were to say and the president were to say we're going to pass a bill with a majority of democrats and majority of democrats in the house and senate we could get a mainstream bill. i know he's worried about his speakership but what i found in my 37 years as a legislator, when you show leadership, when you show redirection and courage, even people who disagree with you
are we going to avoid the fiscal cliff by the first of the year or not? >> i hope so. if you look at the final positions last monday of both the president and speaker boehner, they were this close, they were this close to a solution. the president was about $200 billion higher on revenues, speaker boehner $200 billion higher on spending cuts. out of a $4 trillion budget, that doesn't seem insurmountable. so i hope they would keep talking. my one bit of advice to speaker boehner is this --...
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Dec 28, 2012
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what do you think about congress not reaching a deal on the fiscal cliff. do you think it is possible that a compromise will be reached before the deadline. you can share your thoughts and comments on facebook, on our fob page. just search for fox 5 morning news, no space between fox and the number 5. we may share your comments on air. >>> now to a big story we are following as we learn of the pass aifg decorated u.s. general. >> general norman schwarzkopf passed away yesterday after battling pneumonia. we have a report. -- the passing of a decorated u.s. general. >> reporter: the commander of u.s. led international coalition forces that drove shad out of kuwait in 1991 has died. general schwarzkopf was a much- decorated combat soldier in vietnam and was possibly known as stormin' norman. former president bush approved the following statement. statem >> in the late '80s, general schwarzkopf was promossed to general and later appointed commander in chief of the u.s. central command. general colin powell released this statement which read in part, with the pa
what do you think about congress not reaching a deal on the fiscal cliff. do you think it is possible that a compromise will be reached before the deadline. you can share your thoughts and comments on facebook, on our fob page. just search for fox 5 morning news, no space between fox and the number 5. we may share your comments on air. >>> now to a big story we are following as we learn of the pass aifg decorated u.s. general. >> general norman schwarzkopf passed away yesterday...
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plus it is a fiscal cliff hanger as it looks as last minute deal seems likely to fend off and you get a tax hike in the u.s. with the scene now set for another showdown on capitol hill. and all and takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad call for strong leadership. hello and happy new year you're watching live from moscow with me. as the new year continues to roll out across the world let's take a quick look at some of the most spectacular celebrations that have happened so far new zealand was among the first to usher in twenty thirty crowds packed b. harbor in all claim to enjoy the display at the city's sky tower while almost two million people turned out at the key celebration in australia sydney skyline erupting with the now standard jaw dropping fireworks at midnight from harbor bridge midnight later moved on to asia this is hong kong which really built up the tension with a countdown then lit up the sky from both land and sea. europe has also welcomed in the new year with a major fireworks display at the br
plus it is a fiscal cliff hanger as it looks as last minute deal seems likely to fend off and you get a tax hike in the u.s. with the scene now set for another showdown on capitol hill. and all and takes over as the head of the european union but its massive debt leaves it in a weak position just as the broad call for strong leadership. hello and happy new year you're watching live from moscow with me. as the new year continues to roll out across the world let's take a quick look at some of the...
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Dec 27, 2012
12/12
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president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on this thursday morning. i'm savannah guthrie. >> i'm willie geist in this morning for matt. we have the party music on for a reason. it's someone's birthday in this room today. happy birthday, savannah. >> thank you. i'm getting my musical request for today. a little techovibe. >> we will have the carbon daters to take us back to the day you were born. >> do you need to tweet out my age? >> i gave some hints. >> turning 30, very excited about that. >> we'll let you have that one. >> a lot of wind in the new york a
president obama flying home from hawaii this morning to try and get a deal on the fiscal cliff with the deadline just five days away now, but are the two sides even talking? >>> 36 million hits and counting. the videos that made us laugh, cry and cringe in 2012. we are going to look back at four of the year's most talked about internet sensations as the stars of them join us live in the studios, thursday, december 27th, 2012. >>> from nbc news, this is "today" with...
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to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the m
to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the...
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Dec 31, 2012
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you can keep tabs on the fiscal cliff talks. 24/7 by logging on our web site. >>> well it started out as a winter day of fun in the snow and ice. then the unthinkable happened. cbs reporter carter evans on the rescue that prevented tragedy. >> reporter: a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. despite warning signs. >> look at that crack. is that a crack? >> few seemed concerned until -- >> oh! [screaming] >> we saw his arms going. someone said he can not swim. then it turned into panic. >> reporter: michelle and mickey were there with a camera. at first, all they could do was watch in horror as a man, who rushed to help -- oh. >> fell through the ice. then, another. six would-be rescuers in all were now in the icy waters. >> it was hard to watch. it was. we saw that guy go under three times and the third time we did not think he was coming back up. >> call 911. right now. >> the victims, clammerred for intertubed to stay afloat. from the shore, onlookers including the hermans tried toes to a lifeline. after sever
you can keep tabs on the fiscal cliff talks. 24/7 by logging on our web site. >>> well it started out as a winter day of fun in the snow and ice. then the unthinkable happened. cbs reporter carter evans on the rescue that prevented tragedy. >> reporter: a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. despite warning signs. >> look at that crack. is that a crack? >> few seemed concerned until -- >>...
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you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds of brinksmanship that have ended in deals over the years. in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and republicans have persuaded themselves not completely convincingly in my view, but they have persuaded themselves it's much better to accept slightly higher taxes that they themselves don't have to vote for directly, even though they'll still be casting a vote for new tax rates, they'll be able to say, well, taxes have already gone up and we're just voting to cut them. so that's sort of how, at least, i think both sides are persuading themselves to sort of tip-toe off the cliff. >> and charles, i know you think republicans have more to lose here, but does either side get a boost from this? >> i don'
you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds of brinksmanship that have ended in deals over the years. in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and...
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the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information and receive a free 3-day bracelet today. ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the millions of women and men with breast cancer who still need us every day. register for the 3-day now. (woman) it's just been an amazing, amazing journey. i love these people. ♪ and it's beautiful dance class, shopping, and more. so do something nice for it. chevron with techron
the last-minute deal that could avoid that "fiscal cliff." when we come back. ,, ,,,,,,,,,, to give a break cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to...
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and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among the first to usher in twenty thirteen crowds packed the harbor and all clint to enjoy the fireworks exploding across the city's sky tower it was a great sight that ben than to a stray joining the festivities shortly afterwards with almost two million people gathering to see the now standard jaw dropping fireworks from the harbor bridge as the clock struck midnight he continued his triumphant march through asia with the most spectacular shows indeed in hong kong where a countdown to twenty thirteen culminated in light extravaganza on the land and in the sky one of the biggest shows ever europe pi
and of the eleventh hour deal looks set to pull america from the edge of the fiscal cliff from the tax hikes for millions of americans for the time being at least. they're very good to have your company this new year's day evening it's nine pm here in moscow when i was kevin know in this is r.t. international law top story that twenty thirteen has made it in and around the globe with an array of fireworks performances and cheering crowds take a look at the world party to a new zealand was among...
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Dec 24, 2012
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lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a gallon of regular. that's down from a month ago >>> one item has made a big impact this holiday season. shoes are a top seller. the npd says the shoes are the most popular gift this season. experts say the trend makes sense because americans tend to give more practical gifts during economic downturns. send it back to you. >> erica ferrari. >> all right, erica. thanks. >> last check. >> santa is over the great wall of that. >> that's good timing. >> a billion and 100 million gifts already delivered. >> a billion -- i hope that's oneless for me. >> have you been
lawmakers try to strike a deal to avoid the fiscal cliff. congress and the president on holiday break. some senators are expressing concern that a deal won't be met. if that happens households between 50 and 75,000 will see their taxes increase nearly $2400. households between half a million and a million would see an increase of $39,000. >>> as americans hit the road for holiday travel they'll be paying less at the gas pump. according to aaa, the national average is about $3.25 for a...
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right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not agreed to let members vote or amend the bill. >> that's fair enough. some have principled opposition. you also have to be pic
right now the country remains without a deal on the fiscal cliff. although the senate's solution passed by an overwhelming majority this morning, the process has come to a screeching halt on the house side. the number two republican in the house, virginia congressman eric cantor, says he cannot support the bill as it stands now. many republicans say that they are upset the bill doesn't do much to cut federal spending. democrats are demanding the vote but house speaker john boehner has not...
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and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the deadline. people will vote for it. they will be able to say exactly the opposite. >> reporter: in the meantime, consumers suffer. that's because we're about to take the plunge off the dairy cliff. a farm bill expires at the end of the year meaning the government reverts back to the 63-year-old pricing formula for milk and those costs are passed to you. nogallon of milk is about $3.50
and time is ticking down on the "fiscal cliff" clock. >> not likely to make a deal before the 1st. >> reporter: cbs 5 political analyst joe tuman says this is washington politics at its worst. >> the only thing that's going to force both sides to negotiate is going over the deadline. people will vote for it. they will be able to say exactly the opposite. >> reporter: in the meantime, consumers suffer. that's because we're about to take the plunge off the dairy...
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"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is something that no one bothers to read and it does not very often amount to much. whether it is different this time than it has ever been before, i believe the republican party has a platform that is a banner of bold, unmistakable colors with no pale pastel shades. [cheers and applause] >> the 1976 campaign is interesting because you see the evolution of reagan, his mind, his philosophy as a politician. he talks in this speech about hope and about the future and a future without nuclear weapons and an america free without nuclear weapons being aimed at them but it's a more progressive, it's a more optimistic view of the wo
"lock them up until they deal." we will continue our conversation on the fiscal cliff. damian paletta will be joining us from "the wall street journal" as negotiations resumed at 3:00 p.m. today at the white house. later, randal o'toole with the cato institute. he has a new book and will be joining us at 8:30. "washington journal" continues on this friday morning. we're back in a moment. [video clip] >> there are cynics who say that a party platform is...
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. >> after weighing in on gun control, democrat doug shulman also discussed the fiscal cliff and what happens next. >> our republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up with a deal before the christmas break. many spent today navigating the parking lots of packed stores and shopping malls for final gifts. some had a really good reason for hitting the stores in these final hours before christmas. >> i have a baby that is due christmas morning. so i came out here to do some last-minute shopping. it is tough to shop during the holidays, especially right before christmas because, again, you miss out on deals. >> a recent poll found 132 million people had not finished their holiday shopping and 26 million had not even began. many retailers will be open christmas eve late to accommoda
. >> after weighing in on gun control, democrat doug shulman also discussed the fiscal cliff and what happens next. >> our republican colleagues, by refusing to go along with revenues are risking the fiscal cliff. the big chance for a big deal is at the debt ceiling. that is when we will have leverage to turn the country around, prevent it from becoming greece and save social security and medicare. >> before leaving for hawaii for the holidays, obama urged congress to come up...
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two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser. can't wait for that. >>> let's get started with that all-important forecast on this busy christmas eve morning. the weather channel's maria la rosa is in for al upstairs in the stat light center. good morning. >> we have a positive side. it's been a wind snowfall for ski he resorts across the west but travel is a nightmare. they're holding traffic in passes in the sierra nevada. it pushes to the east, and that's when we are concerned about severe weather. look at the future cast looking at the radar from midnight tonight. you see the heavy rainfall, damaging wind gusts and potentially tornadoes tomorrow morning from east
two high-ranking senators saying over the weekend about the fiscal cliff more likely a deal won't be met in time. we'll get into that. >>> a piece of "the boston globe" over the weekend where mitt romney's elder son said his father was reluctant and didn'ten to run for president to begin with. >>> long before the duchess cambridge joined the royal family, queen elizabeth was setting the style trends. this morning her fashion secrets revealed but her official dresser....
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plus, the deadline looms for the fiscal cliff. why some insiders think a deal will >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are a little concerned. >> reporter: gary is optimistic about a deal. >> i'd still rate it better than 50/50. >> reporter: what seems increasingly likely is to allow the country to go over that fiscal cliff, triggering higher taxes. that would allow hard line r
plus, the deadline looms for the fiscal cliff. why some insiders think a deal will >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what...
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. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video who killed a man by pushing him in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress an
. >>> just ahead, the president and congress gear up for last ditch talks to avoid the fiscal cliff. a look at what could happen if there is no deal. >> shocking crime on a new york subway police look for a woman caught on video who killed a man by pushing him in front of >>> talks to avoid the fiscal cliff are moving into the oval office at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the...
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because if we go off the fiscal cliff, it will be the largest tax increase since world war ii. not to mention the fact that if there's no deal, the markets may react in a very negative way. at the white house, ed henry, fox news. >>> let's bring in fox 5's political analyst mark plotkin for more insight. good to see you. >> good to be here. >> despite the setback, both sides are saying there will be a deal. i'm wondering, is there political theater, and if so, what does it aid? >> i think a deal will be minimal. both parties are concerned that they will look bad. right now polls show that the public holds republicans responsible. but democrats are worried, too. they control the senate and the presidency, and they feel they'll be damaged. so maybe this insecurity about their, both their political futures will make for something, a minimal, but at least something. >> president obama was on meet the press this morning, taking his argument to the american public. how effective is this, and one could say shouldn't he be talking to lawmakers directly? >> he did talk to lawmakers befo
because if we go off the fiscal cliff, it will be the largest tax increase since world war ii. not to mention the fact that if there's no deal, the markets may react in a very negative way. at the white house, ed henry, fox news. >>> let's bring in fox 5's political analyst mark plotkin for more insight. good to see you. >> good to be here. >> despite the setback, both sides are saying there will be a deal. i'm wondering, is there political theater, and if so, what does it...
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plus, the deadline looms for the fiscal cliff. why some insiders think a deal will not be reached in time. and a north bay restaurant closing for good after more than 30 years. why this restaurant has nothing to do with the economy. >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >> reporter: the halls of power empty, although negotiators and the president are back at work. >> at the very least, let's agree right now on what we already agree on. >> reporter: an olive branch to the gop, and carrot to corporate giants. the administration now suggesting cutting corporate tax rates. the u.s. has among the world's highest. but closing loopholes that helped google, for instance, avoid $2 billion in taxes last year. >> corporations are a little concerned. >> reporter: gary is optimistic about a deal. >> i'd still rate it better than 50/50. >
plus, the deadline looms for the fiscal cliff. why some insiders think a deal will not be reached in time. and a north bay restaurant closing for good after more than 30 years. why this restaurant has nothing to do with the economy. >>> president obama and senate leaders tomorrow head back to washington to try to reach a last minute deal, before historic tax increases go into effect next week. why some believe we will head over the fiscal cliff before washington takes action. >>...
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the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast. >> it is a pretty decent look at 2012. it 2013 not quite as gray. most of the week should be fine. we have the clouds pushing in from the west. they will slowly increase throughout the day today. i think we will have a lot of filtered sun shine through the morning hours. 21 in manassas. at 24, dulles. 30, d.c. we will warm up throughout the day into the low to mid 40's. right about where we should be for this time of year. more on a wintry mix shortly with the seven-day forecast. let's see how things are moving this morning. a few accidents. >> that right. the major accident is in virginia
the fiscal cliff deadline is just hours away and no deal. how high will taxes go? >> some homes in the prince william counties area will not be getting a local newspaper anymore. i will have details coming up. >> thank you. 2013 with these live pictures has started in some parts of the world. they are ringing in the new year with the big fireworks display right now in new zealand. beautiful display. good morning, washington. i am scott newman. i's check out our new your forecast....
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cliff there is still no deal inside between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically in two days' time but the sticking point holding up negotiations are the rates for the rich republicans have rejected any deal that would see those taxes rise while the democrats insist on the wealthy paying up a little more investment advisor patrick young says the u.s. is heading towards further recession if it can curb its spending. i'm really worried going into twenty thirteen i mean ultimately the great thing is that humankind will survive and we will all remain the same people but the problem we have is first of all america seems to be heading suicidally towards this thing the fiscal cliff the possibility that it may enter another leg or recession or possibly even depression as a result of legislators inability to curb their how bit of spending like footballers' wives and then on the other side of the atlantic we also have this problem the european union. gets solved its problems solving your problems means that twenty fiv
cliff there is still no deal inside between the firmly entrenched republicans and democrats millions of americans stand to see their taxes go up dramatically in two days' time but the sticking point holding up negotiations are the rates for the rich republicans have rejected any deal that would see those taxes rise while the democrats insist on the wealthy paying up a little more investment advisor patrick young says the u.s. is heading towards further recession if it can curb its spending. i'm...
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. >> we're less than 24 hours from the fiscal cliff deadline. congress is inching closer towards a deal. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill yesterday after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. aides say there has been what they call constructive movement on key issues like taxes, including a compromise on where to set higher rates for whether americans -- for wealthier americans and avoiding a jump in inheritance taxes. meantime, vice president joe biden is taking over at lead negotiator for democrats. >> time left to reach an agreement and we intend to continue negotiations. >> i want everybody to know i'm willing to get this done but i need a dance partner. >> if a deal is not reached by midnight, taxes go up for nine out of ten americans and 2 million people without jobs will not get unemployment insurance starting tomorrow. >>> sharp cuts in defense spending and domestic programs will kick in
. >> we're less than 24 hours from the fiscal cliff deadline. congress is inching closer towards a deal. the house will reconvene at 9:00 this morning. the senate will return to capitol hill at 11:00 a.m. talks hit a standstill yesterday after senate republican leader mitch mcconnell proposed social security cuts. democrats rejected the plan. aides say there has been what they call constructive movement on key issues like taxes, including a compromise on where to set higher rates for...
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can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the president calls congressional leader to the white house it's all political theater or they have a deal. my bet it's all political theater. >> they blame house republicans since john boehner hasn't been able to get them a deal to raise taxes. the name calling is getting ugly. >> american people don't understand the house of representative is operating without the house of representatives. it is being operated with a dictatorship of the speaker not allowing the vast majority of the council to representatives to get what they want. >>> and while it's true that the
can he lead both parties to a fiscal cliff work around. democrats have been dragging feet on this for months. they don't want to be pressured into a bad deal that doesn't come down to the nation books. >> any time you announce a meeting publicly in washington it's usually for political purposes. nothing good ever comes from it. one thing you have to do with politics if the president meets with a foreign leader you want to make sewer you know what is happening at the meeting. if the...
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fiscal cliff. we're talking about here words that are banished. lake superior university puts out a list of banished words this year. numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last couple years in congress have been saying that. we can't figure out who even the 10%, who support congress, are. we are totally dysfunctional right now and this is just probably the worst example of it. you know, i heard speaker boehner say a number of times that he doesn't believe in compromise and a lot of republicans say the same thing. they say let's find common ground and act on that. well, there just isn't much common ground. if, in fact, the numbers we're hearing about the senate deal, whether $450,000 threshold or $550,000, that is not a matter of principle. th
fiscal cliff. we're talking about here words that are banished. lake superior university puts out a list of banished words this year. numbers one and two this year are fiscal cliff and kick the can down the road. now, regardless of today's outcome is the damage already done for congress? whether they come up with a small deal or not here when it comes to the american people, they've already decided congress is useless. >> well, i think those of us who tried to function over the last...
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. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. d
. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >>...
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Jan 1, 2013
01/13
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KRON
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we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look outside from a roof camera at downtown san francisco. we'll be checking in with erica who has a look at your forecast in just a few minutes from now. now, get this. they had weeks, months to work on it, but of course they waited until the very last minute, scaring the entire nation. a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in wa
we're going to give you the late terrell owens fiscal cliff. they reached a tentative deal yesterday, but they will have to go to the house to vote on that and obviously to president obama. we'll let you know what happens with that. here's a live look outside. i can tell you at 4:27 in the morning on any other day would not be as crowded. you can see many cars in that direction still not a problem anywhere in the bay area. welcome back. time now is 4:29 in the morning as we take a live look...
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Dec 27, 2012
12/12
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KOFY
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not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that that won't be taxed. >> reporter: the current budget negotiations between president obama and house speaker joh
not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising...
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glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from crashing over the fiscal cliff. and anyway so operating in a unique relationship in a farce to work over the mind of the american population be great there is no nothing in the proposal that any way shape or form will actually help the economy what with being right now again with twenty seven the people unemployed and missing for a get forty nine point seven million people live we already have tens in the people going to bread lines to get their food so this question of the big global economy and the wealth of the population is not good at all for nothing it's going to be resolved we're going to
glad to have you with us a last minute deal on the american a fiscal cliff was passed by the senate in the final hours before the deadline but has to go before the house of representatives the original deal agreed to raise taxes on americans making more than four hundred fifty thousand dollars per year but the house has postponed the vote indefinitely calling for more spending cuts lawrence freeman editor at the executive intelligence review magazine says nothing can save the u.s. economy from...
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Dec 26, 2012
12/12
by
MSNBCW
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eye 147
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fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house
fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no...
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Dec 31, 2012
12/12
by
LINKTV
tv
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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Jan 1, 2013
01/13
by
WMAR
tv
eye 69
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senate overwhelmingly passed a budget deal to avert the physical cat cliff -- fiscal cliff which would increase taxes and set into motion deep spending cuts. this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain with -- payne with more on the story. >> reporter: at the stroke of midnight, many americans were celebrating and ringing in the new year. but the mood in washington was much more serious.vice president joe biden went to capitol hill monday night after senate leaders struck a deal with the white house. >> happy new year. >> reporter: the senate went back into session and around 2 a.m. the vote was in. >> the bill as amended is passed. >> reporter: in an 89-8 vow they approve a measure -- vote, they approveed a measure -- he proved a measure to keep bush era tax cuts for those earning less than 4
senate overwhelmingly passed a budget deal to avert the physical cat cliff -- fiscal cliff which would increase taxes and set into motion deep spending cuts. this is video of vice president joe biden after a meeting with top senate leaders. but the house of representatives has to vote on the measure. they left capitol hill yesterday without approving deals. so can congress get this done and finalize today? the deadline is passed and we could know by lunchtime today. here's ed payne with -- pain...
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Dec 31, 2012
12/12
by
WUSA
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eye 102
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, when it comes to trying to avert the fiscal cliff. senators are leading the negotiations and they have until midnight tonight to come up with a compromise before massive spending cuts and tax increases kick it. that affected university about every one of us around the country. senator harry reid expects us to reconvene this morning. sue rae chin has more. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the fiscal cliff and negotiatations continue. >> reporter: if republicans and democrats can't strike a dell before midnight monday, taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits and i'm billing to get this done. >> reporter: republicans introduced but quickly withdrew a proposal to cut the deficit by slowing the growth of social security. but senators say there is some movement as both sides try to pro mize about which americans should start to pay a higher tax rate. >> republican
, when it comes to trying to avert the fiscal cliff. senators are leading the negotiations and they have until midnight tonight to come up with a compromise before massive spending cuts and tax increases kick it. that affected university about every one of us around the country. senator harry reid expects us to reconvene this morning. sue rae chin has more. >> reporter: member of congress left meetings on capitol hill sunday without a deal hours before the nation is set to fall off the...
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edges closer to the fiscal cliff the deadline for the deal was barely a day away now with democrats and republicans haggle over tax hikes and spending cuts to come later this hour. also paul ryan gives some ground to the opposition slashing the sentences for some jailed activists of the complainers called for the total release later this could trace the roots of the rest of. the sun rises over what seems like and most forest but here in town your reactions cry for hundred kilometers north of light of all stalk as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system filing down the forests of the region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our jeep but it's serious.
edges closer to the fiscal cliff the deadline for the deal was barely a day away now with democrats and republicans haggle over tax hikes and spending cuts to come later this hour. also paul ryan gives some ground to the opposition slashing the sentences for some jailed activists of the complainers called for the total release later this could trace the roots of the rest of. the sun rises over what seems like and most forest but here in town your reactions cry for hundred kilometers north of...
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Dec 28, 2012
12/12
by
WRC
tv
eye 121
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the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be given at least 60 days' notice before any furloughs of more than 2
the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead...
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edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the world it's disappearing at a catastrophic great. markers both illegal and those finding ways to outsmart the system for filing down the forests of the put more region for them profit goes well beyond the future of our planet and the result could be an ecological crisis we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our dreams but as soon as we find solid tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off the xander someone in ca has been a ranger for over twenty
edges closer to the fiscal cliff the deadline for a deal is really a day away as democrats and republicans heigl overtax hikes and spending cuts all that to come. rain that gives some ground to the opposition slashing the sentences for some of the jailed activists becoming pain is called for their release we trace the roots of the on the rest. of. the sun rises over what seems like enlist forest here in the new directions cry for hundred kilometers north of life while stalk as in much of the...
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252
Dec 24, 2012
12/12
by
KGO
tv
eye 252
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blame worries of that fiscal cliff and other issues for a slump in holiday shopping. sales fell more than 4% during the second week of december. but overall sales should be up 2.5%. that's less than earlier predictions. retailers expect $258 billion in sales by christmas day. online sales, meanwhile, are up more than 8% on saturday to an estimated 48 billion. you done with your shopping? or are you so slow like me? >> i am done. i got most of it done. my husband is going to have to finish it off for the rest of the family because i don't have anymore time. >> you're working overnight. perfect excuse. >> and he's happy to do it. >>> while you're out and about with the family, mother nature is getting into the holiday spirit with christmas lights of her own listen to this, jupiter and the moon will be in conjunction tomorrow evening, but they're already close together in the sky. and bright enough to be visible around the world, even in big cities. >> and with a home telescope you'll be able to see the storms on jupiter and the four largest moons, as well as the mountai
blame worries of that fiscal cliff and other issues for a slump in holiday shopping. sales fell more than 4% during the second week of december. but overall sales should be up 2.5%. that's less than earlier predictions. retailers expect $258 billion in sales by christmas day. online sales, meanwhile, are up more than 8% on saturday to an estimated 48 billion. you done with your shopping? or are you so slow like me? >> i am done. i got most of it done. my husband is going to have to finish...
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Dec 28, 2012
12/12
by
KGO
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eye 141
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in sight yet to avoid the fiscal cliff. we'll tell you how the president is pushing forward as the clock ticks. >>> new york city police this morning are looking for the woman who pushed a man into the path of an oncoming train. police released this footage of the woman who they think did it. video shows her moments after the man was killed by a train in queens. witnesses told detectives the woman followed the man closely and mumbled to herself before shoving him. this is the second time in a month someone has been killed after getting pushed into the path of a new york train. >>> hero of the first gulf war has passed away in florida. retired general norman schwarzkopf died of complications from pneumonia he was 78. he was a highly decoratedgé6m vietnam combat veteran. >>> former president george h.w. bush likely to remain in the hospital through the weekend. his longtime chief of staff says the concern for the elder bush is overhyped and the 88-year-old would tell well-wishers to putggc; the+sks back in the closetq hosp
in sight yet to avoid the fiscal cliff. we'll tell you how the president is pushing forward as the clock ticks. >>> new york city police this morning are looking for the woman who pushed a man into the path of an oncoming train. police released this footage of the woman who they think did it. video shows her moments after the man was killed by a train in queens. witnesses told detectives the woman followed the man closely and mumbled to herself before shoving him. this is the second...
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Dec 29, 2012
12/12
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CNNW
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to avoid that fiscal cliff. we are, of course, just three days away from falling over the edge and seeing massive tax hikes and spending cuts that would go into effect. today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris said she found him treated on her and tried to commit suicide in front of him. they wrestled over a gun and he was shot. >>> former president george h.w. bush is getting better. he is reportedly singing with doctors and nurses in the houston hospital where he is at, although he is still in the intensive care unit. the senior bush has been in the hospital now for more than a month, but his family says that they are confident that he'll be out or released soon. >>> a cancer diagnosis didn't stop one man. in fact, at 79, it is spurring
to avoid that fiscal cliff. we are, of course, just three days away from falling over the edge and seeing massive tax hikes and spending cuts that would go into effect. today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris...
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Dec 28, 2012
12/12
by
WBAL
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that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate came back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're now coming back on sunday. so we really need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. many have serious doubts about whether or not they w
that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal...
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. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. household making under 4 50,000. raise estate tax for those value at more than 5 million dollars. and extend unemployment benefits for one year for some two million people. those automatic spending cuts go into effect in the new year, they will be postponed for two months. and paid for by other s
. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense...
WHUT (Howard University Television)
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90
Dec 28, 2012
12/12
by
WHUT
tv
eye 90
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this fiscal cliff was last in august of 2011. it has to do with the debt ceiling. it so happens the debt ceiling will be reached on december 31, or will it? because it appears the treasury said we found a bit of extra money so maybe we can keep things going a bit longer. and it won't cause the crisis immediately, and if these tax rises and spending cuts came into effect, they could be repeeled during january. but if they weren't, the momentum that has been very painstaking pumped into the economy could be devastating. >> this morning you see stock markets in asia and europe up a bit. i think their expectation that washington will come to an agreement, i think that might be too early. i think this is still a very clear possibility that they could allow the deadline to pass and resolve this sometime in the middle of january. >> well, any red lution would be welcome. the cost as well, but these spending cuts and the tax rises effectively, the end of the tax concession, that's automatic. >> that is automatic yes but there is question where the money can be found if you
this fiscal cliff was last in august of 2011. it has to do with the debt ceiling. it so happens the debt ceiling will be reached on december 31, or will it? because it appears the treasury said we found a bit of extra money so maybe we can keep things going a bit longer. and it won't cause the crisis immediately, and if these tax rises and spending cuts came into effect, they could be repeeled during january. but if they weren't, the momentum that has been very painstaking pumped into the...
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Dec 24, 2012
12/12
by
CNBC
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eye 274
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i think improvement will be dramatic in 2013 especially if we get the super bowl deal in fiscal cliff that we're talking about that should come in the beginning of february when voters realize how much smaller their paychecks are and mgm is having a year end clearance sale at the citi center property. monetizing. monetizing. then there's the balance sheet. this may be the single most important point of the story. when jim took over mgm's balance sheet was hideous. it was just awful. in 2009 the company was in vital of its debt covenants. mgm had to pay down debt by selling treasure island, one of my favorite casinos, for $775 million. the company was given time to get its house in order. fast forward to earlier this month. mgm announced 4.8 billion refinance of debt. the company is paying sdoun its inner secured notes. they replaced it with new lower rate senior notes and term limits. this is what you really look for. this is a huge, huge deal. okay. for caesar's i want to buy bonds but here i want to buy the common. mgm stock popped on the news of the refi. i think it puts a floor in
i think improvement will be dramatic in 2013 especially if we get the super bowl deal in fiscal cliff that we're talking about that should come in the beginning of february when voters realize how much smaller their paychecks are and mgm is having a year end clearance sale at the citi center property. monetizing. monetizing. then there's the balance sheet. this may be the single most important point of the story. when jim took over mgm's balance sheet was hideous. it was just awful. in 2009 the...
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Dec 24, 2012
12/12
by
FBC
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so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio suary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> phil wilson can't hear us now. sorry about the difficulty with your hearing device. let's talk about the president going off the fiscal cliff or not. >> i think it is crystal clear that that is the case. his response was to offer, what he called, a small proposal. extend another $30 billion, no spending cuts and let's go back to my tax plan. that is not trying to move the ball forward. that is rubbing sal
so why doesn't the administration want a deal, why do they want to go over the fiscal cliff? can you hear us? okay, we're going to have to fix bills hearing problems. he will take a quick break and come back with bill wilson right after this. stay tuned. you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith...
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investors were encouraged by signs of a deal on the fiscal cliff talks and we will know later today if that happened for sure. >>> gasoline prices, also soared this past year to their highest ever. aaa says the average price is $3.29 a gallon. that is less than the two cents higher than it was a year ago. but gas was 65 cents a gallon more last april, almost $4, the low came 12 days ago. >>> and the new year brings a standoff over health care coverage. the craft store chain hobby lobby could face fines as much as $1.3 million a day starting today in a battle over a new mandate. the company won't let its insurance cover morning after contraception. its owners say it violates their beliefs. >>> amazon is apologizing for the christmas eve outage on net flicks. they host many commercial websites including netflix and many customers said poor timing. won't able to access movies well through christmas day which is pretty much what we do on christmas day is watch movies. netflix had more problems yesterday, this time on its dvd websites and not caused by amazon. so they can't point the finger
investors were encouraged by signs of a deal on the fiscal cliff talks and we will know later today if that happened for sure. >>> gasoline prices, also soared this past year to their highest ever. aaa says the average price is $3.29 a gallon. that is less than the two cents higher than it was a year ago. but gas was 65 cents a gallon more last april, almost $4, the low came 12 days ago. >>> and the new year brings a standoff over health care coverage. the craft store chain...
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Dec 28, 2012
12/12
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WJLA
tv
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economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he proposes but the truth is we are coming up against a hard deadline. as i said, this is a conversation we should have had months ago. >> democrats want to extend bush-era tax cuts to everyone except those americans making $250,00 or more per year. many republicans are against any tax increases. most americans just want something to be done. >> people are tired of partisanship and they want everyone to come together. >> if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. >> misinfor
economy will go off the fiscal cliff. s when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides if are involved in a high-stakes political blame game. >> we are here in washington working. the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president will be happy to look at whatever he...